Ramtron Completes Equity Investment Transactions With Infineon Technologies.Business Editors/High-Tech Writers COLORADO SPRINGS Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo.--(BUSINESS WIRE)--April 3, 2001 Ramtron International Corporation (Nasdaq:RMTR RMTR Redesigned Missile Tracking Radar ), a leading developer of specialty semiconductor memory products, announced today that it has consummated its previously announced equity investment transactions with Infineon Technologies (FSE/NYSE:IFX IFX - ["Type Reconstruction with First-Class Polymorphic Values", J. O'Toole et al, SIGPLAN Notices 24(7):207-217 (Jul 1989)]. ). In December 2000, Infineon agreed to provide Ramtron with $10 million in cash and approximately 443,480 shares in Infineon stock, in exchange for approximately 4.4 million shares of Ramtron stock. The closings of the transactions were subject to certain conditions, including regulatory approval under the U.S. Hart-Scott-Rodino Antitrust Improvements Act The Hart-Scott-Rodino Antitrust Improvements Act of 1976 (Public Law 94-435, known commonly as the HSR Act) is a set of amendments to the antitrust laws of the United States, principally the Clayton Antitrust Act. The HSR Act was signed into law by President Gerald R. of 1976 and registration in Germany of the Infineon capital increase represented by the Infineon shares to be issued to Ramtron. Infineon and Ramtron have received all necessary approvals and have closed the transactions. Under the terms of the investment agreement, Ramtron has agreed to a holding period that prohibits the transfer or disposition of Infineon stock for a minimum of six months following the subscription date, after which Ramtron has the right to transfer up to 25% of the total number of Infineon shares after 6, 9, 12, and 18-months following the subscription date. Infineon has received restricted stock from Ramtron and has agreed to a minimum holding period. Infineon may transfer up to 50% of the total number of Ramtron shares after 12 and 18-months following the subscription date. About Ramtron Ramtron's patented FRAM (1) (Ferroelectric RAM) See FeRAM. (2) (Ferromagnetic RAM) A non-volatile memory that records microscopic bits on a magnetic surface. See MRAM. FRAM - Ferroelectric Random Access Memory memories are a new generation of semiconductor memory that combine high-performance and low-power operation with the ability to store data in the absence of power. Due to the product's unique advantages, FRAM memories are expected to revolutionize a variety of electronic consumer and industrial products. The company also develops and markets ultra-high-performance EDRAM (1) (Enhanced DRAM) A high-speed DRAM chip developed by Ramtron International Corporation, Colorado Springs, CO. It allowed overlap of a read at the trailing end of a write operation to obtain its speed. and ESDRAM ESDRAM Enhanced Synchronous Dynamic Random Access Memory ESDRAM Enhanced Synchronous Dynamic Ram memory products through its subsidiary, Enhanced Memory Systems, Inc. Except for historical information, the statements preceding contain forward-looking statements that involve risks and uncertainties. Investors are cautioned that such statements are only predictions and the actual events or results may differ materially. These forward-looking statements speak only as of this date. The company undertakes no obligation to publicly release the results of any revisions to the forward-looking statements made today to reflect events or circumstances after today, or to reflect the occurrence of unanticipated events. For more information about Ramtron and its products, contact: Communications Department, Ramtron International Corporation, 1850 Ramtron Drive, Colorado Springs, Colorado The City of Colorado Springs is the second most populous city (after Denver) in the state of Colorado and the 48th most populous city in the United States.[4] The city is the county seat of El Paso County. , USA, 80921. Telephone is 800-545-FRAM (3726); FAX is 719-481-9294; E-mail address is info@ramtron.com. Homepage is www.ramtron.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion